National Express Group PLC ('the Company') announces that awards of the Company's ordinary 5 pence shares were made to the following Executive Directors of the Company on 1 April 2010 (the 'Awards'). The Awards have been made in accordance with the rules of the Company's Long Term Incentive Plan approved at the 2005 AGM. The Awards are granted as nil cost options; the calculations of the number of shares awarded being based on the middle market price on 31 March 2010 of 229 pence per share. The awards will vest under normal circumstances, subject to the achievement of the performance conditions, in three years from the date of grant.
|
2010 LTIP Award |
Existing Holdings |
|||
|
Performance Shares |
Matching Shares |
Executive Share Awards |
Savings Related Share Option Plan |
National Express Group PLC shares |
Jez Maiden |
174,672 |
174,670 |
404,720 |
0 |
92,496 |
Ray O'Toole |
174,672 |
174,670 |
531,584 |
600 |
146,757 |
The Company was informed by Mr Maiden and Mr O'Toole of the above transactions on 1 April 2010.
Name and telephone number for queries: Tony McDonald, 020 7506 4325
For and on behalf of National Express Group PLC
Date: 1 April 2010